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NEW YORK -(Dow Jones)- Industrial fuel supplier Praxair Inc. (PX) sold $ 500 million in 10-yr senior unsecured bonds Wednesday, and is arranging to use proceeds in part to spend down existing credit card debt, according to a firm filing. The bonds sold with a three% nominal curiosity fee, or coupon, and at a slight price reduction to yield 3.097%, or .93 proportion level more than similar Treasury bonds, in accordance to a individual acquainted with the sale. That was inside preliminary price advice of .95 to 1 proportion point over Treasurys, the individual added. Current Praxair personal debt because of September 2015 was buying and selling Wednesday at a spread of .48 percentage level over Treasurys, in accordance to MarketAxess data. Credit score Suisse and Royal Financial institution of Scotland led the deal for the Danbury, Conn., issuer, supported by Mitsubishi UFJ Securities and Wells Fargo Securities. Apart from spending down short-term personal debt, the organization ideas to use the cash to fund share repurchases and for other standard company applications, it explained in the submitting. Copyright © 2011 Dow Jones Newswires